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<br />MORTGAGE
<br />-- MatzrcncE Loax No. L 23483
<br />lavownt.t.MEaIBVTHesErlcpsENrs:That Dennis G. Wadkins and Jane M. Wadkins, each in his and
<br />her own right and as souse of each other
<br />Mortgagor, whether one or mine, in mnsderatirn of the corm of
<br />Fnurtaan Thpltsand Fiva N[rd~ r~ Fift,~r a?d~Q/100-------------------------------
<br />----- DOL[.ARS
<br />leaner) to said mortgagor by The Egeritabie Bwlditeg and Loan Association of Grand tsmtd, Nebraska, Martgagtx, rtport shams of stock of
<br />raid ASSOCIATION, Certifi®te Na. L 23483 , do hersby gtant, convey and mortgage tmto the aid ASSOCIATfON the faSlowing
<br />ducrb%d real estat_, situated in Hall County, Nebraska:
<br />ThE WEST FIFTY-SIX (56) FEET OF LOTS SEVENTEEN(17) AND NINETEEN (19}
<br />IN BLOCK TWENTY-FIVE (25) OF COLLEGE ADDITION TO WEST LAWN, AN
<br />ADDITION TO THE CITY Of GRAND ISLAND, HALL C,QUNTY, NEBRASKA
<br />together with all the tenements, hereditamen[s and appurtenances thereunto befongirg, including attached ;kxu mxeriryp„ all window sratem,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and aoceaories thereto, puagts, sieves,
<br />refri~raiors, and other fixtures and equipment now or hereafter attached to or used in connedicsn with said rral estate.
<br />And whereas the said mortgagor has agreed and does hereby agree [hat the mortgagor staall and wdt pay all raze: anQ tuaesuaasiz levied ax
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the tiers dull become detioquent; to furnish approved
<br />insurance upon rho buildings on said premises si[vatedln the sum of S 14 , 550. CD pay;bk to aid ASSOCIATION and to de}ivet to said
<br />ASSOCIATIOM the policies for said insurance; and not to commit or permit any waste on or about aid premises;
<br />Sp case of default in the perfarmanx of any of the terms and conditions of this texsrtgage or [tee bond sea.ral thy, the ttxx~.~x ~.,
<br />on demand, lie errriiied is unrrwu'iatc t~,,Se~ia,-. of t:.e martsagcd pmm'„WO a.^d tM ..~..re9on, herehv assienx; txamfers ud su dues to Its
<br />mortgagee atS the rents, revenues and income to be derived from the tnotigaged premises duri~ such time as the moriga®e ='~ ~~___- Thai: remain
<br />tmpaid; and the mortgagee shall have the power to appobtt any agent or agents it tray dtsice for the purpos of tepairi~ aid pretaaes end ret~g
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing aid premiss acct neoetaary
<br />wmntis<,iorK.., and expwnses intoned !n rentipg and tnanagittg the sans and of wiledmg rentals therefrom; the batanx rcuriaur~, ;# rerry, to 'st
<br />applied toward the discbargt of aid mortgage htdebteduess; tlte~ rights of the mortgagee may be exeressd at any time dstring the ce ~ a~
<br />trlt, ir~nr..tive of anv teme.aay waiver ct tin. sa,~.
<br />These Presets, however, are upon the Condition, That if [he said Mortgagor shall repay said Scan oft or haters ~ m.xyr:ty eF s+;A ,h.,~ t,y,
<br />payrr"eett; pay rmrnthly to saiei AS50%tATSON of the sum spstif rxd in the Bond secured hereby as intsresi and principaS o~ said bin, an or Stcfars
<br />t!~ Trer:teeth day of e=ch and every ettonth, anti! said loan s fuSy paid; pay all Yaxes attd s.: its Sevi.^.d aria ; prtina~ aaa tom, ik~ iwvtt;~~
<br />and the Bond secured thereby, before delinquency; furnish approved 'insurance upon the buildings thereon in the sum of S 14 , 550.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments deal mwrance with intert~ at
<br />[he maximum legal rate thereon from date of payment alI of which Mortgagor hereby agrees to pay; permit no waste on said preaeisea; keep and comply
<br />with al! the ageetreents and conditions of the Bond for S 14 5~(~ ~(~jrs day given by the aid Mortgagor to aid ASSOCIATION, a~ comply
<br />with ail the requirements of the Constitution and By-Laws of sai'r) AS$~f.`SATION; then these presents shall become null and void, otherwis they
<br />sitaB remain in full force and may be focedoseu at the option of the said ASSOCtATTON otter failure for three months to make any of aid
<br />payments or be three rntinths in arrears in making said monthly paytttents, or to keep and rnmply with the agreetventa attd wnditions of said Bond-
<br />and Mortgagor agrees !a have a receiver appointed forthwith in such foreclosure proceedings.
<br />It there is any change N ownership of the real estate mortgaged herein, by sale or otherwis, then the entirt trmaiJ~ indebtedtsa hsteby
<br />arcttred stall, at the option of The Equitable Budding and Loan Association of Grand Island, Nebrsska,bsoorne imtetediately dts and payable without
<br />fur!her notice, and the amount remaining due tinder raid bond, and any other bond for any addidansl advances made Lhesett~tr, a..tt, from Its
<br />date of exercis of said opiinn, bear interest at [he maximum Segal rate, and this mortgage tray then be fotsclosd to atisfy the amount due op aid
<br />bood,and any other bond for additional advances, to®ether with all sutra paid by aid Ttte Equitable Bw7dirtg tied Loan Aaoeiatitm of Grand la4nd,
<br />Nebraska fm inwrancr, taxes and assessments, and abstracting extension dutges, with interest thereon, from date of paytesnt at the maximum
<br />legal rate.
<br />As provided in the Bond secured tsreby, white this mortgage remains in effect the tttortgagce may hereafter advanw additartal stuns to the
<br />makers of said Bond, ilteir assigtes of successats in interest, which sums shag be within the rectally of this mortgage the ante as tfie funds oeigioilly
<br />scored thereby, the total amount of principal debt not to excesd at day time the origirul atrtomt of tttia mortgage.
<br />_,~ted shin _ 23 day of JUIy A. D., 14 79
<br />G. a~ ~~
<br />Ja >z».
<br />_ - STATE OF NEBRASKA, ~ ~. fyn this 23rd day of J U 1 y 19 79 , before me,
<br />LrotlrrcY ol: [;'ALL
<br />- the tutdersi®sed, a Notary Public m and for satd Comty, personally came
<br />Dennis G. Wadkins and Jane M. Wadkins, each in his and her. n rig~and as s~~t
<br />other ~''J ~} are
<br />tx to ehs identical person S wteox moss are affixed to the above iQstrument as ngagor s and they se~rally
<br />aekmwledged ttx said ites[ruateat to be their volmtury art and deed. 6' ' 7
<br />N'fINESS ttty hard attd Notarial Sot ttx date afarsaatd. ~ ~~
<br />My Commission etroiees . ~~'i~( ~? ~ :.. y~i"i ~~~ , ~,_
<br />!9 ,~ ¢f-MERAt t?nFA.SY-Sate ct :.°*.~-~~.sk:S ` -__ I.1~fyP
<br />tFr&aa xe ~ JO'! P 7. t3tAcCEY - /
<br />My Comm. fxp. SapL I, 1431
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